Wednesday, September 2, 2020
The Battle of Savannah in the American Revolution The Battle of Savannah was battled September 16 to October 18, 1779, during the American Revolution (1775-1783). In 1778, the British president in North America, Major General Sir Henry Clinton, started to move the focal point of the contention toward the southern settlements. This adjustment in procedure was driven by a conviction that Loyalist support in the district was fundamentally more grounded than in the North and would encourage its recover. The battle would be the second significant British exertion in the locale as Clinton had endeavored to catch Charleston, SC in June 1776, however had bombed when Admiral Sir Peter Parkers maritime powers were repelled by fire from Colonel William Moultries men at Fort Sullivan. The primary move of the new British battle was the catch of Savannah, GA. To achieve this,Ã Lieutenant Colonel Archibald Campbell was dispatched south with a power of around 3,100 men.Ã¢ Armed forces Commanders French American Significant General Benjamin LincolnVice Admiral Comte dEstaing42 ships, 5,052 men English Brigadier General Augustine Prevost3,200 men Attacking Georgia Arriving at Georgia, Campbell was to be joined by a section moving north from St. Augustine drove by Brigadier General Augustine Prevost. Arriving at Girardeaus Plantation on December 29, Campbell disregarded American powers. Pushing towards Savannah, he flanked and steered another American power and caught the city. Joined by Prevost in mid-January 1779, the two men started assaulting the inside just as mounted an endeavor against Augusta. Setting up stations in the district, Prevost likewise tried to enroll nearby Loyalists to the banner. Partnered Movements Through the primary portion of 1779, Prevost and his American partner at Charleston, SC, Major General Benjamin Lincoln, led minor crusades in the domain between the urban communities. Despite the fact that anxious to recover Savannah, Lincoln comprehended that the city couldn't be freed without maritime help. Using their coalition with France, the American authority had the option to convince Vice Admiral Comte dEstaing to bring an armada north soon thereafter. Finishing a crusade in the Caribbean which saw him catch St. Vincent and Grenada, dEstaing cruised for Savannah with 25 boats of the line and around 4,000 infantry. Accepting expression of dEstaings aims on September 3, Lincoln initiated making arrangements to walk south as a major aspect of a joint activity against Savannah. The Allies Arrive On the side of the French armada, Lincoln withdrew Charleston on September 11 with around 2,000 men. Found napping by the presence of French ships off Tybee Island, Prevost coordinated Captain James Moncrief to improve Savannahs fortresses. Using African American slave work, Moncrief developed a variety of earthworks and redoubts on the edges of the city. These were strengthened with firearms taken from HMS Fowey (24 weapons) and HMS Rose (20). On September 12, dEstaing started arriving around 3,500 men at Beaulieus Plantation on the Vernon River. Walking north to Savannah, he reached Prevost, he requested that he give up the city. Playing for time, Prevost mentioned and was allowed a 24-hour ceasefire to think about his circumstance. During this time, he reviewed Colonel John Maitlands troops at Beaufort, SC to strengthen the battalion. The Siege Begins Mistakenly accepting that Lincolns moving toward segment would manage Maitland, dEstaing put forth no attempt to watch the course from Hilton Head Island to Savannah. Thus, no American or French soldiers blocked Maitlands course and he arrived at the city securely before the ceasefire finished. With his appearance, Prevost officially declined to give up. On September 23, dEstaing and Lincoln started attack activities against Savannah. Landing cannons from the armada, French powers started a siege on October 3. This demonstrated to a great extent inadequate as its brunt fell on the city instead of the British fortresses. In spite of the fact that standard attack activities in all probability would have finished in triumph, dEstaing got fretful as he was worried about tropical storm season and an expansion in scurvy and looseness of the bowels in the armada. A Bloody Failure Notwithstanding fights from his subordinates, dEstaing moved toward Lincoln with respect to ambushing the British lines. Subject to the French naval commanders boats and men for proceeding with the activity, Lincoln had to concur. For the ambush, dEstaing intended to have Brigadier General Isaac Huger make a bluff against the southeastern piece of the British protections while the majority of the military struck further west. The focal point of the attack was to be the Spring Hill redoubt which he accepted to be kept an eye on by Loyalist volunteer army. Tragically, a betrayer educated Prevost of this and the British leader moved veteran powers to the region. Progressing soon after first light on October 9, Hugers men were stalled and neglected to make an important redirection. At Spring Hill, one of the united sections got buried in a bog toward the west and had to turn around. Subsequently, the attack did not have its expected power. Flooding forward, the principal wave met overwhelming British fire and took noteworthy misfortunes. Over the span of the battling, dEstaing was hit twice and American rangers leader Count Casimir Pulaski was mortally injured. The second influx of French and American soldiers had more achievement and a few, including those drove by Lieutenant Colonel Francis Marion, arrived at the highest point of the divider. In wild battling, the British prevailing with regards to driving the assailants back while exacting overwhelming losses. Unfit to get through, French and American soldiers fell back following an hour of battling. Pulling together, Lincoln later wanted to endeavor another attack yet was overruled by dEstaing. Outcome Associated misfortunes at the Battle of Savannah numbered 244 murdered, 584 injured, and 120 caught, while Provosts order endured 40 slaughtered, 63 injured, and 52 missing. In spite of the fact that Lincoln squeezed to proceed with the attack, dEstaing was reluctant to additionally chance his armada. On October 18, the attack was relinquished and dEstaing left the region. With the French flight, Lincoln withdrew back to Charleston with his military. The destruction was a hit to the recently settled partnership and enormously energized the British in promoting their southern methodology. Cruising south the accompanying spring, Clinton laid attack to Charleston in March. Incapable to break out and with no help expected, Lincoln was constrained to give up his military and the city that May.
Posted by Ronald Hines at 9:15 AM
Saturday, August 22, 2020
Correlation and differentiation among lasagna and a pizza - Essay Example Lasagna and pizza are two of the most well known nourishments made customarily in broiler. While there are different approaches to make both lasagna and pizza that block the utilization of broiler, yet the best outcomes are accomplished uniquely with the utilization of stove. Despite the fact that they are lasagna has numerous layers while pizza has just one layer except if there is an uncommon sort of pizza. Layers of lasagna are dull. The fundamental type of lasagna has tomato sauce at the base of the dish over which lasagna strips are laid. They fill in as a bed for the meat over which white sauce is showered. These layers are rehashed till nearly the highest point of the dish is reached. Finally, ground cheddar is laid on the top. Then again, a pizza isn't made with such redundant layers of fixings. On account of a pizza, there is a base that is known as hull. The sauce is poured over the base, and various sorts of fixings are laid over it. Like lasagna, a pizza is likewise beate n with cheddar. The reason for cheddar on the top both on account of a lasagna and a pizza is to build up a thick and crunchy outside layer after the dish is flame broiled. The basic component that separates among lasagna and pizza is the fundamental white flour bread. The thickness of that base, its surface, and taste incredibly varies when the two dishes are thought about. While lasagna strips are just not many millimeters in thickness for example ordinarily 5 mm every, pizza hull is somewhere in the range of 1 to 2 cm. The thickness of lasagna strips is for the most part standard and changes just by 1 or 2 mm., there exists an incredible assortment of thicknesses of pizza covering for example there are dainty outside layer pizzas and thick-hull pizzas. A great many people use manufacturing plant made lasagna strips in light of the fact that the machine utilized in making that uniform thickness isn't utilized in many homes. As opposed to that, the vast majority make pizza hulls at home by massaging white flour with yeast. Lasagne strips and pizza base likewise vary in that lasagna strips are cooked once they are bubbled before the dish is put in the b roiler though pizza covering is crude outside and just gets prepared once the pizza has been set inside the stove. On one hand, lasagne strips resemble minimized sheets of white flour and have no pores in them. Then again, pizza
Posted by Ronald Hines at 3:12 PM
Friday, August 21, 2020
Roger Lee Propes PHI-240 Katherine Allison, Professor April 6, 2012 Cloning an Instinct Species in Ã¢â¬Å"Jurassic ParkÃ¢â¬ When we catch wind of cloning in the media, they are typically alluding to regenerative cloning, human cloning specifically, and itÃ¢â¬â¢s logical and moral ramifications. In Jurassic Park, John Hammand, who is a rich business person, enlists a gathering of researchers to clone dinosaurs from the Jurassic Period. The moral quandary introduced in Jurassic Park is whether we should utilize our insight into cloning to resuscitate a wiped out species that stopped to exist through normal procedures. We will compose a custom exposition test on Cloning an Instinct Species in Ã¢â¬Å"Jurassic ParkÃ¢â¬ or then again any comparative subject just for you Request Now I trust John Hammand utilized moral relativism (Van Camp, Olen, and Barry page 4) since he facilitated this undertaking dependent on moral facts that were consistent with him. In any case, a few of the specialists he recruited to support the recreation center couldn't help contradicting the moral decisions he made while building up the recreation center. I will quickly depict two sorts of cloning that were joined to effectively design the dinosaurs in the film, and give a case of cloning that has been fruitful. At that point I will give reasons why it is unscrupulous to restore species that got intuition through characteristic procedures. The words recombinant DNA innovation, DNA cloning, sub-atomic cloning, and quality cloning all allude to a similar procedure: the exchange of a DNA piece or enthusiasm from one life form to a self-duplicating hereditary component, for example, a bacterial plasmid. The DNA of intrigue would then be able to be created in a remote host cell. This innovation has been around since the 1970Ã¢â¬â¢s, and it has become a typical practice in sub-atomic science labs today. Ã¢â¬Å"In 1977 researchers at the Asilomar Conference proposed clearing guideline on purported recombinant DNA, advancements which recombine DNA from various species in the test tubeÃ¢â¬ (science. enyon. edu). Their interests were by joining DNA of various species lamentable beasts would result. Conceptive cloning is an innovation used to produce a creature that has a similar atomic DNA as another as of now or already existing creature. The best and most promoted case of this is the sheep named Dolly. She was the main wa rm blooded animal to be cloned from grown-up DNA. Ã¢â¬Å"Ian Wilmut, the researcher whose group at ScotlandÃ¢â¬â¢s Roslin Institute cloned Dolly who was brought into the world July 5, 1996, and euthanized in 2003 as a result of lung diseaseÃ¢â¬ (usatoday. om). This fruitful clone was created 3 years after the film was delivered. Ã¢â¬Å"Dolly, or some other creature made utilizing atomic exchange innovation, isn't really an indistinguishable clone of the giver creature. Just the cloneÃ¢â¬â¢s chromosomal or atomic DNA is equivalent to the contributor, a portion of the cloneÃ¢â¬â¢s hereditary materials originate from the mitochondria in the cytoplasm of the enucleated eggÃ¢â¬ (ornl. gov). In the film, the dinosaurs werenÃ¢â¬â¢t precise imitations and had changes brought about by the frog DNA that was utilized. In the film, they found dinosaur DNA caught in the golden of a tree and separated the DNA. They DNA arrangement was not finished so they chose to join frog DNA trying to finish the grouping. The researchers additionally controlled the arrangement to guarantee that the entirety of the cloned examples would be female reasoning it would be the more mild than the male. Despite the fact that females will in general have less quality than their male partners, they are typically the one remaining to tend for the posterity. Dr. Malcolm offered the expression that, Ã¢â¬Å"nature consistently finds a wayÃ¢â¬ . There are numerous species that have demonstrated that generation is a chance in a solitary sex condition. A few animal categories, for example, anemone angles, are brought into the world all male and when they develop change sex and become female. Ã¢â¬Å"This is exceptionally unusual life accounts in species whose people may change sex eventually in their life. They may change from being guys to females, protandry, or females to guys, protogyny. Ã¢â¬ (marinebiology. organization) Dr. Alan Grant and the kids discover a home of eggs that has brought forth while they were sidestepping the T-Rex, demonstrating nature found a way. Individuals, by and large, are exceptionally guileless with regards to the force they really hold over our reality and nature. In the event that we are to think about revival impulse species, we ought to likewise consider whether they got intuition through normal causes or the human intercession. Likewise, we should ensure we consider the entirety of the potential changes that may happen because of the hereditary cosmetics of the DNA used to finish the arrangement. Those which became sense in view of being crush by people may at present have the option to make due on the planet as it is today. What's more, we ought to enter the cloning procedure with the information that nature will in the long run discover a way and start to support without future impedance of people. Those which got sense through normal causes shouldnÃ¢â¬â¢t be restored in light of the fact that the world isnÃ¢â¬â¢t appropriate for their endurance, and resuscitating these species could cause disastrous changes in nature, which is clear in the film Ã¢â¬Å"Jurassic ParkÃ¢â¬ . Works Cited Buchheim, Jason. A Quick Course in Ichthyology. n. d. www. marinebiology. organization. Office, Biology. KAP Recombinant DNA Technology. n. d. www. science. kenyon. edu. Vitality, US Department of. Human Genome Project Information. 11 May 2009. 15 03 2012 www. ornl. gov/hgmis. Julie C. Van Camp, Jeffrey Olen, and Vincent Barry. Applying Ethics: A Text with Readings. Ed. Ian Lague. Tenth Edition. Boston: Clark Baxter, 2011. Jurassic Park. By Michael Crichton. Dir. Steven Spielberg. Perf. Laura Dern and Jeff Goldblum Sam Neil. 1993. Savvy, Elizabeth. USA Today. 4 July 2006. 15 March 2012 www. usatoday. com/tech/science/hereditary qualities. Instructions to refer to Cloning an Instinct Species in Ã¢â¬Å"Jurassic ParkÃ¢â¬ , Essay models
Posted by Ronald Hines at 12:54 PM
Tuesday, May 26, 2020
Savings are the tool used by a person or an organization that abstains from present consumption for a future use. Investment is an activity that engaged by people who have savings with the aim of achieving additional income or growth in values. It may be defined as a commitment of funds made in the expectation of some positive rate of return. Investors may have different aim for investing their money such as capital appreciation, regular return, safety, proud of holdings, additional return and tax benefits. They may expect to get back the money along with interest at a future date or the purpose may be the price appreciation on their investment or they may invest their money to get regular income from their investment, many investors consider other promised benefits like retirement benefit, accident coverage, etc., They seek the investment area where they can get maximum return and minimum risk. Some investors ready to face risk to have maximum returns. Safety of funds and regular payment in the mode of interest is expected by everyone. This can be possible only on bank deposit/ postal saving. Comparatively the returns of bank deposits are low than the investment in securities market. Among all other available investment, investor looks into the tax relief. They invest to have tax relaxation on their income for that they seeks better investment avenue which gives tax relief on their income. Even though they invested to have tax relief they expect return on the investment. Thus, this paper aims to compare the return on the investment in bank and tax saving mutual fund schemes with effective interest rate too. This study will helps to investors to evaluate their portfolio. Savings are the tool used by a person or an organization that abstains from present consumption for a future use. Investment is an activity that engaged by people who have savings with the aim of achieving additional income or growth in values. It may be defined as a commitment of funds made in the expectation of some positive rate of return.1 Investors may have different aim for investing their money such as capital appreciation, regular return, safety, proud of holdings, additional return and tax benefits. They may expect to get back the money along with interest at a future date or the purpose may be the price appreciation on their investment or they may invest their money to get regular income from their investment, many investors consider other promised benefits like retirement benefit, accident coverage, etc., They seek the investment area where they can get maximum return and minimum risk. Some investors ready to face risk to have maximum returns. Generally individual investor expects security on their investment. Safety of funds and regular payment in the mode of interest is expected by everyone. This can be possible only on bank deposit/ postal saving. Comparatively the returns of bank deposits are low than the investment in securities market. Among all other available investment, investor looks into the tax relief. They invest to have tax relaxation on their income for that they seeks better investment avenue which gives tax relief on their income. Even though they invested to have tax relief they expect return on the investment. Thus, this paper aims to compare the return on the investment in bank and tax saving mutual fund schemes with effective interest rate too. The dividend declared tax saving mutual fund schemes which are launched during the year 2000-05 have been selected for the purpose of study. This study will helps to investors to evaluate their portfolio. INVESTMENT PATTERN There are various investment plans available in the financial market to help investors to choose better suitable area to make their investment. Blue chip shares Growth share Income share Cyclical share Speculative share Equity Shares Financial Assets Treasury Bill Commercial purpose Certificate of Deposits Money Markets Investments Mutual fund Schemes 1. Equity shares 2. Debt Schemes 3. Balanced Schemes Real Estate 1. Agriculture Land 2. Semi Urban Land 3. Time share in a Holiday Resort Non Marketable Financial Assets 1. Bank Deposits 2. Post office Deposits 3. Co-Operative Deposits 4. Public Provident Fund Deposits Bonds 1. Government Securities 2. GOI Relief Bonds 3. Govt. Agency Securities 4. PSU Bonds 5. Debenture of Private Sector Companies 6. Preference schemes Endownment Assurance Policy Money Back Policy Whole Life Policy Premium Back Term Assurance Policy LIC Policies Financial Assets Gold Silver Precious Stones Art Objects Money Markets Investments Financial Derivatives Options Futures Figure 1 Various Investment Avenues The objective of an investor comprised into three namely safety of investment, liquidity position and return on their invested money. The return on investment may further be classified into capital gain and the rate of return on investment as interest or dividend. Figure 1 shows all investment options presently available to the investors. Table 1 Summary Evaluation of Various Investment Avenues Investment options Return Risk liquidity Marketability Tax shelter Convenience Return yield Capital Appreciation Equity shares Low High High Fairly High Section 80C benefit High Non-Convertible Debentures High Negligible Low Average Nil High Equity Schemes Low High High High Section 80C benefit Very high Term Deposits Under Tax benefit scheme Moderate Nil Negligible High Section 80C benefit Very high Public Provident fund Nil High Nil Average Section 80C benefit Very high Life Insurance Policies Nil Moderate Nil Average Section 80C benefit Very high Residential House Moderate Moderate Negligible Low Section 80C High Fair Gold and Silver Nil Moderate Average Average Nil Average Every investor wants to get maximum economic advantage from their investment. Investment avenues are based upon the rate of return, risk and uncertainty, capital appreciation, marketability, tax advantage and convenience of investment. Table 1 gives clear picture which helps the investors to take their investment decisions on various financial market instruments. This paper seeks to have result for, Do the bank deposit returns and tax saving mutual fund schemes return vary? To find out the result for the above questions the returns of dividend declared tax saving mutual fund schemes launched during the year 2000 to 2005 have been selected and the study period was selected from 2006-07 to 2009-10 up to February 2010. TOOLS USED FOR ANALYSIS To examine the Performance of selected tax saving mutual fund schemes and bank return, various tools are being used. Rate of return, Standard deviation, Dividend yield ratio has been selected to examine the performance of selected tax saving mutual fund schemes and Future value, Effective interest rate is taken to analyze the bank returns. Net Asset Value (NAV) is a term used to describe the value of an entitys assets less the value of its liabilities. Higher the rate of return shows the better the performance of the fund. It can be computed as Ri = NAV i1 NAV i0 * 100% NAVi0 Where, i is the number of funds Ri is the rate of return of portfolio i NAV i1 is the net asset value of funds at current evaluation period NAVi0 is the net asset value of funds at previous evaluation period. Standard Deviation of fund measures the volatility level of return rates. The volatility level also describes the risk level. Usually, for higher rates of return the risk level will also become higher. Hence, the study includes standard deviation as the measure of risk level. It can be computed as ÃÆ'Ã Ãâ Ã¢â¬â¢i = ÃÆ'Ã ½ÃâÃ £m j=1(Rij-R)2 m-1 ÃÆ'Ã Ãâ Ã¢â¬â¢i = standard deviation for portfolio i Rij = Rate of return for portfolio i on jth month R = Average return rates of m months. m = Time period Future value can also be used to calculate the future value of the deposits in a bank. Money has time value. The amount deposited in a bank will be increased with relation to the time. It can be calculated as Future Value = p(1 + k)n Where, k is the rate of interest n is the number of years p is the amount deposited Dividend yield is a financial ratio which shows how much a company pays out in dividends each year relative to its share price. Dividend is one form of return that the investor can get on their investment. In the absence of any capital gain, the dividend yield is the return on investment for a stock. It can be calculated as Dividend yield = Annual Dividends per share Price per share Effective interest rate is also called as effective annual interest rate. It is the annual interest rate that accounts for the effect of compounding. It can be calculated as Effective interest rate = (1+R/P) p-1 Where, R is the nominal rate P is the number of compounding periods. AN ANALYSIS OF TAX SAVING MUTUAL FUND SCHEMES Performance of the fund determines the interest of investors. Investors generally does not compare all the schemes and distribute their funds. But they want positive NPV on their investment. By comparing returns of various avenues the investor can know the better investment area. When a company trades their funds, the performance of the funds determines the capital appreciation of the funds. The fund appreciation increases the share trades and the investors actively involved in the purchase and selling of shares. The following tables Table 2a, Table 2b, Table 2c and Table 2d shows the NAV return of selected tax saving mutual fund schemes during the year 2006-07 to 2009-10 till February. Table 2a Net asset Value of Tax saving mutual Fund schemes ÃâÃ 2006-07 ( 1 APR 2006 TO 31 MAR 2007) Company Name APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR DBS Chola Tax saver fund 5.05 -3.91 -17.16 2.53 9.06 6.84 5.35 6.34 1.15 2.94 -8.46 -9.86 HDFC long term advantage fund 4.75 -1.77 -16.32 1.74 6.12 7.09 4.36 3.95 0.84 56.84 -2.00 -18.35 Ing tax saving fund -16.86 -0.82 -23.98 -0.46 9.23 8.36 5.24 6.74 3.57 5.93 -1.50 -13.92 Kotak tax saver 9.01 -0.54 -23.14 -0.36 7.67 5.60 5.35 9.05 3.36 5.52 -4.72 -22.38 Principal personal tax saver 42.18 73.37 -22.89 -0.21 7.20 4.38 8.81 8.58 2.00 7.15 0.65 -8.74 Reliance tax saver fund 6.05 -1.32 -21.49 0.22 0.14 -7.35 -2.26 20.51 2.64 10.21 11.92 -15.49 Source : https://www.amfiindia.com/NavHistoryReport_Frm.aspx Table 2a Net asset Value of Tax saving mutual Fund schemes 2007-08 ( 1 APR 2007 TO 31 MAR 2008) Company Name APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR DBS Chola Tax saver fund 5.14 6.02 0.99 5.13 4.58 0.00 0.00 0.00 19.11 -5.96 -12.37 -10.69 HDFC long term advantage fund 2.15 6.62 4.23 4.87 -2.12 6.12 10.61 6.01 2.60 -3.74 -11.38 -18.98 Ing tax saving fund -17.94 6.97 3.51 4.53 -5.37 5.97 3.54 9.20 6.31 -4.30 -16.19 -11.87 Kotak tax saver 5.55 7.25 4.75 5.98 -4.18 5.48 9.02 6.84 10.44 -0.28 -27.95 -19.56 Principal personal tax saver 5.87 9.26 4.44 11.17 -1.49 8.08 5.91 3.57 9.12 -5.85 -11.53 -25.99 Reliance tax saver fund 2.52 5.23 2.19 7.83 -3.56 8.77 6.57 -1.21 8.57 -6.23 -12.26 -12.77 Source : https://www.amfiindia.com/NavHistoryReport_Frm.aspx Table 2a Net asset Value of Tax saving mutual Fund scheme s 2008-09 ( 1 APR 2008 TO 31 MAR 2009) Company Name APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR DBS Chola Tax saver fund 3.43 4.46 -10.23 -0.54 -5.61 -12.19 -22.52 -10.59 0.60 -1.05 -4.93 -2.42 HDFC long term advantage fund -2.59 0.48 -9.89 -6.68 8.82 -1.21 -20.34 -13.22 -0.78 -0.08 -3.43 -15.02 Ing tax saving fund 3.19 3.95 -9.90 -11.18 10.26 -6.93 -32.39 -11.71 -4.61 0.21 -3.75 -2.96 Kotak tax saver 0.09 4.61 -12.72 -10.64 7.30 -6.15 -25.03 -9.57 0.38 -1.64 -3.52 -3.31 Principal personal tax saver -29.55 3.33 -10.92 -9.33 8.14 -6.49 -28.00 -12.19 -2.79 -0.22 -2.85 -2.89 Reliance tax saver fund 1.07 3.28 -10.62 -8.11 6.62 -3.38 -17.19 -8.24 -1.05 1.34 -4.04 -2.41 Source : https://www.amfiindia.com/NavHistoryReport_Frm.aspx Table 2a Net asset Value of Tax saving mutual Fund schemes 2009-10 ( 1 APR 2009 TO 31 MAR 2010) Company Name APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB DBS Chola Tax saver fund 24.76 22.78 15.88 -0.98 6.65 6.74 4.18 -0.38 4.00 2.49 -6.09 HDFC long term advantage fund 15.05 20.02 13.19 3.02 6.97 6.72 5.62 3.39 -36.70 2.59 -9.00 Ing tax saving fund 20.96 18.44 17.72 0.31 7.00 7.87 3.25 -0.09 5.26 3.73 -4.65 Kotak tax saver 16.18 18.95 16.34 -0.95 6.73 5.86 3.72 -1.13 3.98 2.18 -5.71 Principal personal tax saver -5.69 17.25 22.21 2.00 1.74 9.91 4.80 -0.11 1.01 1.68 -4.29 Reliance tax saver fund 17.18 16.26 15.27 0.40 5.72 -6.69 5.08 6.44 -1.44 4.64 -4.29Source : https://www.amfiindia.com/NavHistoryReport_Frm.aspx NAV return of selected tax saving mutual fund schemes moves in a similar direction during the study period from 2006-07 to 2009-10 up to February 2010. NAV return of all the schemes shows negative return in the month of June 2006, March 2007, and January 2008 to March 2008, June 2008 to November 2008, February 2009 and March 2009. No scheme falls in a pattern which helps to determine their return. During the year 2008-09 all the schemes produced maximum negative return. Whereas, during the year 2009-10, till October 2009 there were no negative return in all the schemes. It also has been noted that there was a fluctuation in all the month during the period of study. STANDARD DEVIATION Standard deviation has been used to measure the volatility selected tax saving mutual fund schemes. The volatility also denotes the risk level. Usually, there will be high risk for high returns. Hence, the standard deviation included to measure the risk level. The following table shows the risk level of selected funds. Table 3 Volatility of the Funds Company Name Standard Deviation DBS Chola Tax saver fund 2.444124 HDFC long term advantage fund 42.56922 ING tax saving fund 3.452677 Kotak tax saver 3.323016 Principal personal tax saver 100.9975 Reliance tax saver fund 2.398889 It can be noted from Table 3 that the fund volatility is very high principal personal tax saver and low in Reliance tax saver fund. From Table 4 it can be understood highest dividend given by principal personal tax saver and Reliance tax saver fund provides lowest dividend. Hence it can be stated that there is a relation between the risk and return. RETURNS IN THE FORM OF DIVIDEND Dividend is one form of return that the investors can get on their investment. Not all the company declared their dividends in all the years in a study period from 2006-07 to 2009-2010 up to February 2010. Table 4 shows the dividends declared by the various Asset Management Companies. Most of the companies declared their dividends in the year 2006-07. Table 4 Dividends Declaration S.No NAME OF THE COMPANY Rs. Per Unit 2006-07 2007-08 2008-09 DBS Chola Tax saver fund 1 HDFC long term advantage fund 6 6 3.5 ING tax saving fund 4 Kotak tax saver 3 3.5 Principal personal tax saver 82 Reliance tax saver fund 1 1 1.5 Source: www.moneycontrol.com, Date 26.03.2010 Principal Personal tax saver declared (maximum) Rs.82/unit dividend in the year 2007-08. DBS chola and Reliance tax saver fund declared (minimum) Rs.1/unit dividend in the year 2006-07. Table 5 shows the dividends returns of the selected tax saving mutual fund schemes. Table 5 Dividends Yield Returns Company Name Inception Year 2006-07 2007-08 2008-09 DBS Chola Tax saver fund 2005 0.08 HDFC long term advantage fund 2000 0.13 0.09 0.08 ING tax saving fund 2004 0.26 Kotak tax saver 2005 0.24 0.25 Principal personal tax saver 2002 1.16 Reliance tax saver fund 2005 0.08 0.08 It can be noted from Table 5, that highest return on dividend given by Principal personal tax saver in the year 2007-08. It also can be noted that principal personal tax saver not declared any dividend during the year 2006-07. HDFC declared Rs. 6/unit in the year 2006-07 and 2007-08. No company have declared the dividend in the year 2008-09 except HDFC long term advantage fund and Reliance Tax Saver fund. FUTURE VALUE Always money has time value. A rupee today is more valuable than a rupee a year. Money deposited today has future value after certain period. Hence future value of money calculated to know the value of investment. Table 6 shows the interest rate announced by RBI during the year 2006-07 to 2008-09. Table 6 Interest Rates Year 1 Years 1-3 Years Above 3 Years 2006-07 9% 9.75% 9.75% 2007-08 10.5% 11% 11% 2008-09 7% 8% 8.25% Source: RBI Annual reports It can be noted that the interest rate has been reduced to 7% in the year 2008-09. Table 7 Future Values of Deposits Year 1 Years 1-3 Years Above 3 Years 2006-07 1.09 1.32 1.59 2007-08 1.11 1.37 1.69 2008-09 1.07 1.26 1.49 Source: RBI Annual reports Table-7 shows the annually compounded interest returns. The rupee value of Rs 1000 in the year 2008-09 is increased to Rs. 1260 in the year 2012-13 at the rate of interest of 8%. EFFECTIVE RATE OF INTEREST Effective rate is the interest rate on financial product restated from the nominal interest rate as an interest rate with annual compound interest. Effective interest rate differs from calculating nominal rate. The nominal rate is calculated as multiply the number of periods with the interest. Table 8 Effective Interest Rate Year 1-3 Years 3-5 Years Above 5 Years 2006-07 9.0 10.1 10.1 2007-08 10.5 11.4 11.5 2008-09 7.0 8.2 8.5 Source: RBI annual reports Table-8 shows the effective interest rate. It can be revealed that the return is high for three years and above. The effective interest rate will be 10.1% where the nominal rate of interest is 9.75%. Table 9 Return on Investment in Bank Deposit (With Effective interest Rate Tool) Principal Interest Effective Interest Rate+ Principal 1000 10.1 Rs. 1303/- The Table-9 shows return on investment on Bank deposit. An investor deposited Rs.1000 with 8% interest the depositor gets Rs.1,303 with effective interest rate. Table 10 Return of Tax saving Mutual Fund Schemes Schemes 3 years dividend return alone NAV as on February 2010 No. Of Units on 2006 Unit value as on February 2010 Total Return (Dividend + Unit Value) DBS Chola Tax saver fund 80.23 13.163 80 1053 1133.3 HDFC long term advantage fund 356.25 34.453 23 792.42 1148.7 Ing tax saving fund 242.09 12.223 61 745.6 987.69 Kotak tax saver 484.06 9.657 74 714.62 1198.7 Principal personal tax saver 702.41 69.302 15 1039.5 1741.9 Reliance tax saver fund 256.83 13.701 73 1000.2 1257 The Table 10 shows the return of selected tax saving mutual fund schemes during the year 2006-07 to 2009-10 till February 2010. It can be noted from the table, the return of all the tax saving mutual fund schemes are lower than bank returns except Principal personal tax saver. All the tax saving mutual fund schemes NAV less than its purchase value on April 2006. If the investor made investment of Rs. 1000 on a bank, the investor may get Rs. 1,303 with interest and if they invested in tax saving mutual fund schemes they get less then Rs. 1,303. If they invested in DBS chola tax saver fund they may get only Rs. 1,133 and Rs. 987.69 if they invested in ING tax saver fund on February 2010. Security market is highly volatile, prediction on this market in not possible. It can be accepted through this study. There is no pattern on the NAV return. Many factors like global economy position, natural calamities, political change, etc., affects the return of security market Investment in Bank i s highly secured in all the period. CONCLUSION People invest money into known sources and they are not aware of pros and cons of the investment avenues in-depth and technically. They accept what the promoter / company or the agent says. By comparing the deposits/investments in bank and securities market, it can be noticed that the return from security market is high and it is volatile and there is no guarantee for the return. Those who wants high return, by taking high risk they can invest into securities market. Present scenario of the financial market is the securities market is in negative and there is no capital appreciation in the form of NAV returns. All sample schemes NAV goes into negative and only few company declared their lowest dividends. At present the bank return are high than the returns from securities market. Thus, generally people choose tax saving schemes to have minimum benefit from their investment. But there is no regulatory to provide guarantee on these schemes. It is necessary to create regulatory framewor k to safeguard the individual investors. The authority of mutual funds SEBI and AMFI involve into this area and may take necessary steps to protect the investors in the form of Regular return and Capital appreciation.
Posted by Ronald Hines at 10:48 PM
Saturday, May 16, 2020
Have you ever heard a song that has brought you back to a special moment in your life? Music, which holds such a huge part of mine, constantly reminds of the memories that I have retained over the years. There are many songs that allow me to reminisce on those important times and experiences; from my first love, to summer days at the pool and late night sleepovers with my friends. Out of my long list, I think that a few songs in particular best represent my own personal Ã¢â¬Å"soundtrackÃ¢â¬ to my life. Looking back on my childhood, the first time that I recall finding a love for music was on Thanksgiving when I was five years old. My momÃ¢â¬â¢s whole side of the family was over to celebrate that year. We spent the entire day cooking and stuffing our faces until we all looked like pot belly pigs. I had eaten my entire body weight in turkey and mashed potatoes and had cranberry sauce stains covering my shirt. Even though we were too full for pumpkin pie, we all managed to eat a s lice topped with homemade whipped cream. After we finished eating, my uncle sat down at the grand piano in the living room and everyone quickly gathered around him. I made sure to cover my little ears when he tapped those first keys. He began to play Ã¢â¬Å"Bennie and the JetsÃ¢â¬ by Elton John, and every single person in my family simultaneously began to sing along. I slowly removed my hands from my ears and came to realize that most of my family was very musically talented. All of their voices harmonized together soShow MoreRelatedMy Family And Education Is Important For Your Future1221 Words Ã |Ã 5 Pagesthemes in my familyÃ¢â¬â¢s narrative. The first theme in society that contradicts the values of my family is homosexuality. As mentioned above, religion is a large part of my family, therefore, homosexuality is not part of the catholic religion. 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Most importantly theseRead MoreNarrative Is The Root Of Some Fields1510 Words Ã |Ã 7 PagesNarrative is the root of some fields which includes education, rhetoric, literature, religion, law, history: culture (Wilson, 1989). It can be seen as a tool to create traditions and symbols as means of communication and it is a source to understand and strengthen the identity of the organisation (Kroeze and Keulen, 2013). As a conceptual theme, narrative becomes a self-conscious system and a reflexive field. In other words, the role of narrative in personal lives is to show how it can be utilizedRead MorePersonal Commentary On The Lives Of People Different From Ourselves1454 Words Ã |Ã 6 Pagessees the world in the same way, and no one person can completely understand the way someone else sees the world. This is why personal narratives are such an important piece of writing. They allow us to gain an understanding of things that we may never experience ourselves. This allows us to gain insight into the lives of people different from ourselves. By listening to the life stories of other people, we learn to better communicate with others. Every human on this planet has a unique and distinct storyRead MoreMultiple Theories Influenced The Development Of My Personal Model And Therapeutic Approach For Couples And Fam ilies1668 Words Ã |Ã 7 Pageshave influenced the development of my personal model and therapeutic approach to couples and families. Three theories in particular that I draw my therapeutic approach from includes: narrative therapy, emotionally focused coupleÃ¢â¬â¢s therapy, and attachment theory. I will articulate the theoretical underpinnings of these three theories and integrate them in one cohesive personal model called Emotional Enhanced Attachment Narrative Therapy. 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In the beginning of the narrative Douglass seems to fulfill every stereotypical slavery theme. He is a young black slave who at first cannot read and is very naÃ ¯ve in understanding his situation. As a child put into slavery Douglass does not have the knowledge to know about his surroundings and the worldRead MoreThe Narrative Theory / Paradigm1477 Words Ã |Ã 6 PagesThe narrative theory/paradigm states that everything we do can be laid out as a story (Fisher, 1984). The main points of the theory/paradigm are the following: humans are essentially storytellers; decisions that humans make are based off of good reasons rather than proof; what we do and how we think is swayed by accounts of history, biography, culture and character; our rationality is determined by our sense of probability (the coherency of the narrative) and narrat ive fidelity (whether the storyRead MorePatient Narratives1708 Words Ã |Ã 5 PagesNarratives or stories have been used throughout the history of the human race to allow and help people to express themselves in ways that promote personal growth and enhance physical well-being. Even in the simplest of contexts, narratives are a core factor in the advancement of the humanity/society and all of its facets. An illustration of this can be seen in the transfer of a family s lineage, history, and values from generation to generation. This allows for the recipient of this informationRead MoreAnalysis Of I Just Wanna Be Average1039 Words Ã |Ã 5 Pageswork very hard and struggle through life trying to be the very best at every single thing they do; this is a good trait to have but, sadly not everyone has this type of work ethic or motivation. Some people just try to get by and go through the motions, often not getting the education they they are rightfully entitled to. This is the type of mentality that Mike Rose discusses in his narrative Ã¢â¬Å"I Just Wanna Be Average.Ã¢â¬ Throughout the narrative, Rose shares personal experiences of mistakenly being set
Posted by Ronald Hines at 7:13 AM
Wednesday, May 6, 2020
While Marx and Weber had divergent analyses of capitalism, their evaluations of modern global capitalism have a common thread of thought. They both view the implementation of global capitalism, where subordinating individual needs and desires to achieve the end goal of accumulating wealth for wealthÃ¢â¬â¢s sake, as irrational and unreasonable. Because of that commonality, it is feasible to draw from both analyses to explain global capitalization today. Karl Marx believed that the ultimate end of society is an imminent and significant, consisting of happiness, which can only be achieved via organized collectivism. Reality is controlled by financial necessity (historical materialism). In practical application, this theory means that theÃ¢â¬ ¦show more contentÃ¢â¬ ¦97). While Marx sees capitalism purely from economic need, Weber states that capitalism is a combination of economic, political and social strata. Webers analysis indeed had a similar scope to Marx, not surprising as he came from the same German tradition of thought and faced many of the same issues as Marx. But Weber examined issues which Marx marginalized Ã¢â¬â in particular, the influence organized religion had on the incarnation of capitalism. Weber was less passionate, more scholarly, not viewing classes of people, but rather the individual within a very structured approach. Marx believed that Ã¢â¬Å"religion was the opiate of the peopleÃ¢â¬ (Marx, 1). Marx viewed capitalism as a form of religion, where the worship of wealth and capital replaced the traditional worship of a deity. Ã¢â¬Å"The more a worker estranges himself in his labour, the more estranged, objective world he has created becomes more powerful, while he becomes impoverishedÃ¢â¬ ¦The same happens in religion. The more man puts things in God, the less he keeps in himself.Ã¢â¬ (Marx, pp. 57-58) Weber, conversely, felt that capitalism had its roots in the Protestant Work Ethic, based upon the concept that the Calvinist emphasis on hard work and diligence was a personÃ¢â¬â¢s way of fulfilling oneÃ¢â¬â¢s duty to God. The resultant accumulation of wealth was a reassurance of oneÃ¢â¬â¢s predestined Salvation. By the time Weber wrote Ã¢â¬Å"The Protestant EthicShow MoreRelatedKarl Marx And Alienation ( 2000 )1034 Words Ã |Ã 5 PagesKarl Marx and Alienation (1,800 Ã¢â¬â 2,000 words) Introduction about Marx (1818 Ã¢â¬â 1883): mention the materials that are going to be used to back up your points (minimum of 5 scholarly materials) Karl Marx (1818 Ã¢â¬â 1883) was a German theorist who had taken the theory of alienation into consideration. He was also involved in communist party in Germany, trying to overthrow the class system. Marx had been banished from Germany for his critical thinking, and moved to England where he had become a communistRead MoreEssay about Capitalism in Marx and Weber3426 Words Ã |Ã 14 PagesThe Concept Of Capitalism In Marx And Weber; What Is The Contemporary Relevance Of Their Ideas? Introduction: At the later nineteenth century many social and economical ideas were developed because of the past revolutions and the present conflict of individuals and organised assemblies. Capitalism, one of these ideas, leads bourgeoisie to dream of a capitalist society in order to advance their maintain lifestyle and gain wealth. This economic system which is dominated by private business andRead MoreThe Rise Of Capitalism : Karl Marx2134 Words Ã |Ã 9 PagesKarl Marx is the first in a series of 19th and 20th century theorists who started the call for an empirical approach to social science. Theorizing about the rise of modernity accompanied by the decline in traditional societies and advocating for a change in the means of production in order to enable social justice. MarxÃ¢â¬â¢s theories on modernity reveals his beliefs of modern society as being influenced by the advancement of productive forces of modern industry and the relationships of production betweenRead MoreEconomic Growth An d Development Of Development6644 Words Ã |Ã 27 Pagesbecame diminished. Market forces and operations held sway. The institutions of The World Bank and the International Monetary Fund were the catalysts of development. Apart from the Bretton woods institutions, other transnational forces promoting global capitalism are the World Trade Organizations, the international financial institutions based in London and Wall Street, New York and Japan. Other prominent players in globalization project are multinational corporations. McBride (2005) describes as paradigmRead MoreHow I Understand Modernity As Well As The Emergence Of Sociology Essay1580 Words Ã |Ã 7 Pagesso in this way when we speak about modernity, we mean to say it is the decline of the church; a move away from religion. Modernity was then a revolt against a religious and feudal system. It came about when ordinary people began to challenge and critique what was then considered the norm. As a result human beings came to a realization that they no longer wanted authorities to decide for them, instead they wanted to be able to make their own decisions and think for themselves. Following that modernityRead MoreA Marxist Evaluation Of Feminism And Gender Equality Essay1572 Words Ã |Ã 7 Pagessought to raise the rights of women out of the home (as domestic servants) and into the workplace. In the late 20th and early 21st century, the idea of Marxism as a system of economic analysis for women to dissect the inequalities of patriarchal capitalism has also become diluted and co-opted by the ruling classes as a Ã¢â¬Å"political phenomenon:Ã¢â¬ In this sense, then, rather than retaining the idea of feminism as something that stretched from its radical incarnation to its liberal form, we have to broadenRead MoreMarx, Weber and Religion2182 Words Ã |Ã 9 Pagesconstruction (Van Krieken et al. 2010:350-1) and concerned only with the substance of religious beliefs to the extent that they impact societies behaviours (Holmes, Hughes Julian 2007:426). This functional exposition forms the foundation for Durkheim, Marx and WeberÃ¢â¬â¢s sociology of religion explored within this essay. Each theory will be examined in regards to the role religion plays within society and illustrated with an example of religious belief or practice. Examples utilised are predominantly WesternRead MoreTalcott Parsons And Structural Functionalism1428 Words Ã |Ã 6 Pagesreading SpencerÃ¢â¬â¢s massive volumes, there are some important insights that have quietly influenced many contemporary theorists, including Talcott Parsons, in his early work the Structure of Social Action. Talcott Parsons was heavily influenced by Max Weber, synthesizing much of their work into his action theory, which he based on the system theoretical concept and the methodological principle of voluntary action. He held that the social system is made up of the action of individuals. Persons determinedRead MoreKarl Marx And The Rise Of Capitalism1911 Words Ã |Ã 8 PagesKarl Marx was the first in a series of 19th and 20th century theorists who started the call for an empirical approach to social science. Theorizing about the rise of modernity accompanied by the decline in traditional societies and advocating for a change in the means of production in order to enable social justice. MarxÃ¢â¬â¢s theories on modernity reveals his beliefs of modern society as being influenced by the advancement of productive forces of modern industry and the relationships of production betweenRead MoreSociology as a Perspective 1332 Words Ã |Ã 6 Pageslifestyle habits, religious beliefs, choice of sports and political views. According to Karl Marx family contributes to economic growth as it produces human labour thereby maintaining capitalism (Marsh 1996). Family impacts an individualÃ¢â¬â¢s lifestyle, norms, values and also shapeÃ¢â¬â¢s their primary socialisation. The educational system imposes ideas and theories to students, for them to better understand and critique issues involved in their field of study. Educational institutes teach students to interact
Posted by Ronald Hines at 5:35 PM
Tuesday, May 5, 2020
Essay about The Secret Life of Bees Movie Review Essay Ã¢â¬Å"The Secret Life of BeesÃ¢â¬ Movie Review Ã¢â¬Å"The Secret Life of BeesÃ¢â¬ is a movie that takes us through the incredible journey of a young girl named Lily Owens. She grows up with the horrible memory of the day she accidentally killed her mother. She and the family maid who has tried to fill the empty void as her mother, Rosaleen, escape the mistreatment that Lily receives from her father, T-Ray. After Rosaleen heard the news on T.V. about the Civil Rights Act being passed, she decided to take the opportunity and register to vote. As they got to town to register Rosaleen, she dumped the juice from her chew container onto men who made fun of her. She was arrested, and that is when they escaped. When Lily asks her father for more information about her mother, he told her that the day she died she was coming back to get her belongings. He tells Lily that her mother didnÃ¢â¬â¢t want to take her when she left. This upset Lily because she believed that a child couldnÃ¢â¬â¢t have two parents that didnÃ¢â¬â¢t love her. Lily has very little of her motherÃ¢â¬â¢s possessions, but the few items does have include her motherÃ¢â¬â¢s gloves, picture, and a wooden picture of a black Mary. On the back of the wooden picture, Tiburon, SC was inscribed. This became their point of destination as they left LilyÃ¢â¬â¢s hometown. As they reach Tiburon, they stop at a convenient store and Lily notices that the same picture that is on her wooden picture is also on the honey jars. They investigate and are led to a house where the Ã¢â¬Å"Calendar sistersÃ¢â¬ live. These three incredible women help Rosaleen and Lily out by letting them stay with them at their bright pink house. It is here that the two learn about bees and how they function as a society . .. Lily gets to stay in a home that makes her feel loved. She writes down her story, including her thoughts and emotions, into a book that was given to her by Zach. This movie takes place in South Carolina in 1964. This was the peak of racism in the South.(Do Something.org) Many African Americans found support in a nonviolent African AmericanActivist named Martin Luther King Jr. The result of all movements towards civil rights resultedin passing the Civil Rights Act in 1964. It was not uncommon to see a colored maid or cook in a white persons home. ?Works CitedPrince-Bythewood, Gina, dir. The Secret Life of Bees. Fox Starlight Pictures, 2008. DVD.Racism Against African Americans. . N. p., Online Posting to Do Something.org. Web. 18 Dec. 2013. .
Posted by Ronald Hines at 9:32 PM